We have purchased portable cabin for our site office. i should consider it as furniture or office equipment?
please advise.
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Furniture or office equipment
Replies (5)
Hello mam,
It will form part of Furniture & fittings.
furniture only
ok. depreciation rate as per company act for furniture is 18.10% ?
Useful life for Furniture is 10 years as per Companies Act 2013. Which means the rates will be 9.5% under SLM and 25.89% under WDV method.
thank you.
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